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Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Cell Stack, Power Conditioner, Air Compressor, Humidifier), Power Output, Hydrogen Fuel...

Publisher:        MarketsandMarkets

# of Pages:        280

Rating: 

1 User License $4,950

Publication Date:  April, 2021

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1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS & EXCLUSIONS 24
TABLE 1 INCLUSIONS & EXCLUSIONS FOR AUTOMOTIVE FUEL CELL MARKET 24
1.3 MARKET SCOPE 25
FIGURE 1 AUTOMOTIVE FUEL CELL MARKET: MARKETS COVERED 25
1.3.1 YEARS CONSIDERED FOR THE STUDY 25
1.4 PACKAGE SIZE 26
1.5 LIMITATIONS 26
1.6 STAKEHOLDERS 26
1.7 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
FIGURE 2 AUTOMOTIVE FUEL CELL MARKET: RESEARCH DESIGN 28
FIGURE 3 RESEARCH METHODOLOGY MODEL 29
2.2 SECONDARY DATA 29
2.2.1 KEY SECONDARY SOURCES 30
2.2.2 KEY DATA FROM SECONDARY SOURCES 31
2.3 PRIMARY DATA 32
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 32
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 33
2.3.2 PRIMARY PARTICIPANTS 33
2.4 MARKET ESTIMATION METHODOLOGY 34
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 34
2.5 MARKET SIZE ESTIMATION 35
2.5.1 BOTTOM-UP APPROACH 35
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR AUTOMOTIVE FUEL CELL MARKET: BOTTOM-UP APPROACH 35
FIGURE 7 AUTOMOTIVE FUEL CELL MARKET: RESEARCH DESIGN & METHODOLOGY 35
2.5.2 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 36
2.5.3 DEMAND SIDE APPROACH 36
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 37
FIGURE 8 DATA TRIANGULATION 37
2.7 FACTOR ANALYSIS 38
 
2.8 RESEARCH ASSUMPTIONS 38
FIGURE 9 AUTOMOTIVE FUEL CELL MARKET: MARKET SIZE ASSUMPTIONS 40
2.9 RESEARCH LIMITATIONS 40
3 EXECUTIVE SUMMARY 41
FIGURE 10 AUTOMOTIVE FUEL CELL MARKET: MARKET DYNAMICS 42
FIGURE 11 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2021–2028 (UNITS) 43
FIGURE 12 REVENUE SHIFT TOWARDS GREEN TRANSPORTATION 44
FIGURE 13 THE MARKET FOR LCVS IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (2021–2028) 44
3.1 IMPACT OF COVID-19 ON THE AUTOMOTIVE FUEL CELL VEHICLE MARKET, 2018–2028 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE FUEL CELL MARKET 46
FIGURE 14 INCREASING DEMAND FOR LONGER RANGE LOW-EMISSION COMMUTING TO DRIVE THE MARKET 46
4.2 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT 47
FIGURE 15 FUEL STACK COMPONENT TO LEAD THE MARKET DURING THE FORECAST PERIOD (2021–2028) 47
4.3 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE 47
FIGURE 16 LCV VEHICLE TYPE PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (2021–2028) 47
4.4 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT 48
FIGURE 17 THE <150 KW CATEGORY POWER OUTPUT IS PROJECTED TO LEAD DURING THE FORECAST PERIOD (2021–2028) 48
4.5 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS 48
FIGURE 18 HYDROGEN FUEL POINTS MARKET IN EUROPE PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (2021–2028) 48
4.6 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES 49
FIGURE 19 0-250 MILES SEGMENT IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (2021–2028) 49
4.7 AUTOMOTIVE FUEL CELL MARKET GROWTH RATE, BY REGION 49
FIGURE 20 ASIA OCEANIA MARKET PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
FIGURE 21 HYDROGEN FUEL CELL ELECTRIC VEHICLE SYSTEM 51
5.2 MARKET DYNAMICS 52
FIGURE 22 AUTOMOTIVE FUEL CELL MARKET: MARKET DYNAMICS 52
5.2.1 DRIVERS 53
5.2.1.1 Better fuel efficiency and increased driving range 53
TABLE 2 COMPARISON OF FUEL CELL ELECTRIC VEHICLE MODELS 53
FIGURE 23 COMPARISON OF AMOUNT OF NATURAL GAS REQUIRED TO PROPEL BEV TO 300 MILES COMPARED TO FCEV TRAVELING 300 MILES 54
TABLE 3 SUMMARY OF FCEV ATTRIBUTES COMPARED TO THOSE OF ADVANCED BEV FOR 200-MILE AND 300-MILE RANGE 54
5.2.1.2 Fast refueling 55
TABLE 4 ZERO EMISSION LIGHT-DUTY VEHICLES REFERENCE COMPARISON:
BEV CHARGING VS. FCEV HYDROGEN FUELING 55
5.2.1.3 Reduced oil dependency 55
FIGURE 24 LIQUID OIL CONSUMPTION (MILLION BARRELS PER DAY), 2011–2020 56
TABLE 5 US: PETROL AVERAGE PRICING TREND OVER THE PAST FEW YEARS 56
5.2.1.4 Lower emissions than other vehicles 56
5.2.1.4.1 Fuel cell product lifecycle 57
FIGURE 25 FUEL CELL PRODUCT LIFECYCLE 57
5.2.2 RESTRAINTS 57
5.2.2.1 Highly flammable 57
FIGURE 26 COMPARISON OF AUTO IGNITION TEMPERATURES OF VARIOUS FUELS 58
FIGURE 27 COMPARISON OF MINIMUM IGNITION ENERGY FOR VARIOUS FUELS 58
5.2.2.2 Hard to detect hydrogen leakages 58
5.2.2.3 High initial investments in hydrogen fueling infrastructure 59
FIGURE 28 INITIAL INVESTMENT FOR VARIOUS FUEL INFRASTRUCTURE 59
FIGURE 29 COMPARISON OF BEV AND FCEV 59
5.2.2.4 Lower efficiency than BEVs and HEVs 60
FIGURE 30 GLOBAL ELECTRIC VEHICLE SALES, 2017-2019 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Rising demand for fuel cell vehicles in automotive and transportation 60
5.2.3.1.1 FCEV commercial freight truck developments 61
TABLE 6 FCEV COMMERCIAL FREIGHT TRUCK DEVELOPMENTS 61
5.2.3.1.2 Fuel cell bus development & deployment announcements 61
TABLE 7 FUEL CELL BUS DEVELOPMENT & DEPLOYMENT ANNOUNCEMENT 61
5.2.3.1.3 Fuel cell buses around the world, 2020 62
FIGURE 31 OPERATED & PLANNED FUEL CELL BUSES, 2020 62
5.2.3.2 Government initiatives promoting hydrogen infrastructure 62
5.2.3.3 Development of home and community hydrogen fueling systems 63
5.2.4 CHALLENGES 63
5.2.4.1 High vehicle costs 63
FIGURE 32 COST OF FUEL CELL BY COMPONENT FOR PRODUCTION VOLUME OF 1,000 UNITS/YEAR VS. 500,000 UNITS/YEAR 63
5.2.4.2 Insufficient hydrogen infrastructure 64
FIGURE 33 HYDROGEN INFRASTRUCTURE MAINTENANCE COSTS, BY COMPONENT 64
5.2.4.3 Rising demand for BEVs and HEVs 64
TABLE 8 AUTOMOTIVE FUEL CELL MARKET: IMPACT OF MARKET DYNAMICS 65
5.3 PORTER’S FIVE FORCES 66
FIGURE 34 PORTER’S FIVE FORCES: AUTOMOTIVE FUEL CELL MARKET 66
TABLE 9 AUTOMOTIVE FUEL CELL MARKET: IMPACT OF PORTERS 5 FORCES 67
5.3.1 THREAT OF SUBSTITUTES 67
5.3.2 THREAT OF NEW ENTRANTS 67
5.3.3 BARGAINING POWER OF BUYERS 67
5.3.4 BARGAINING POWER OF SUPPLIERS 67
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 68
5.4 EXISTING AND UPCOMING FCEV MODELS 68
TABLE 10 EXISTING AND UPCOMING FCEV MODELS 68
5.5 AUTOMOTIVE FUEL CELL MARKET ECOSYSTEM 71
FIGURE 35 AUTOMOTIVE FUEL CELL MARKET: ECOSYSTEM ANALYSIS 71
5.5.1 HYDROGEN FUEL SUPPLIERS 71
5.5.2 TIER I SUPPLIERS (FUEL CELL AND RELATED COMPONENT PRODUCERS) 71
5.5.3 OEMS 71
5.5.4 END USERS 71
TABLE 11 AUTOMOTIVE FUEL CELL MARKET: ROLE OF COMPANIES IN ECOSYSTEM 72
5.6 VALUE CHAIN ANALYSIS 73
FIGURE 36 VALUE CHAIN ANALYSIS OF AUTOMOTIVE FUEL CELL MARKET 73
FIGURE 37 FUEL CELL SUBCLUSTER AND H2 SUBCLUSTER 75
5.7 FUEL CELL PRICING ANALYSIS 75
FIGURE 38 DECREASING COST OF FUEL CELL 76
FIGURE 39 FUEL CELL SYSTEM COST, 2006–2025 76
FIGURE 40 FUEL CELL SYSTEM & FUEL CELL STACK COST 77
5.8 TECHNOLOGY ANALYSIS 77
5.8.1 DIRECT BOROHYDRIDE FUEL CELLS 77
5.8.2 NON-PRECIOUS METAL CATALYST BASED FUEL CELL 77
5.8.3 INCREASE IN LIFESPAN FOR NEW FUEL CELLS 78
5.8.4 PACKAGED FUEL CELL SYSTEM MODULE 78
FIGURE 41 TOYOTA’S NEW PACKAGED FUEL CELL SYSTEM MODULE 78
5.8.5 METHANE FUEL CELLS 78
5.9 PATENT ANALYSIS 79
TABLE 12 IMPORTANT PATENT REGISTRATIONS RELATED TO THE AUTOMOTIVE FUEL CELL MARKET 79
5.10 CASE STUDY 80
5.10.1 BALLARD FUEL CELL ZERO-EMISSION TRUCKS IN SHANGHAI 80
5.11 REGULATORY OVERVIEW 81
5.11.1 NORTH AMERICA 81
TABLE 13 NORTH AMERICA: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE 81
5.11.2 EUROPE 82
TABLE 14 EUROPE: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE 82
5.11.3 ASIA OCEANIA 83
TABLE 15 ASIA OCEANIA: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE 83
5.11.4 IMPACT OF COVID-19 AUTOMOTIVE FUEL CELL PRODUCTION 83
5.12 AUTOMOTIVE FUEL CELL MARKET, SCENARIOS (2021–2028) 84
5.12.1 MOST LIKELY SCENARIO 84
FIGURE 42 AUTOMOTIVE FUEL CELL MARKET – FUTURE TRENDS & SCENARIO,
2021–2028 (UNITS) 84
TABLE 16 AUTOMOTIVE FUEL CELL MARKET (MOST LIKELY), BY REGION,
2021–2028 (UNITS) 85
5.12.2 OPTIMISTIC SCENARIO 85
TABLE 17 AUTOMOTIVE FUEL CELL MARKET (OPTIMISTIC), BY REGION,
2021–2028 (UNITS) 85
5.12.3 PESSIMISTIC SCENARIO 86
TABLE 18 AUTOMOTIVE FUEL CELL MARKET (PESSIMISTIC), BY REGION,
2021–2028 (UNITS) 86
6 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE 87
6.1 INTRODUCTION 88
FIGURE 43 AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2020-2028 (UNITS) 89
TABLE 19 AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE,
2018–2020 (UNITS) 89
TABLE 20 AUTOMOTIVE FUEL CELL MARKET SIZE, BY VEHICLE TYPE,
2021–2028 (UNITS) 89
6.2 OPERATIONAL DATA 90
TABLE 21 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE 90
6.2.1 ASSUMPTIONS 91
TABLE 22 ASSUMPTIONS: BY VEHICLE TYPE 91
6.3 RESEARCH METHODOLOGY 91
6.4 PASSENGER CAR 91
6.4.1 ASIA OCEANIA IS PROJECTED TO LEAD THE PASSENGER CAR MARKET 92
TABLE 23 PASSENGER CAR: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2018–2020 (UNITS) 92
TABLE 24 PASSENGER CAR: AUTOMOTIVE FUEL CELL MARKET, BY REGION,
2021–2028 (UNITS) 93
6.5 LCV 93
6.5.1 RISING DEMAND FOR LAST MILE DELIVERY TO BOOST THE LCV SEGMENT 93
TABLE 25 LCV: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2018–2020 (UNITS) 93
TABLE 26 LCV: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2021–2028 (UNITS) 94
6.6 BUS 94
TABLE 27 EXAMPLES OF BUS DEPLOYMENT PROJECTS 95
6.6.1 GOVERNMENT-FUNDED PROJECTS AND TARGETS FOR THE REPLACEMENT
OF BUS FLEETS WITH ZERO-EMISSION FLEETS EXPECTED TO DRIVE THE BUS MARKET 95
TABLE 28 BUS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2020 (UNITS) 95
TABLE 29 BUS: AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2021–2028 (UNITS) 96
6.7 TRUCK 96
TABLE 30 OVERVIEW OF WEIGHT CLASSES 97
TABLE 31 MASS DIFFERENCE IN MASS BETWEEN BASELINE VEHICLE AND ITS FUEL CELL TRUCK VERSION 97
TABLE 32 DEMONSTRATION PROJECTS / DEPLOYMENT OF FUEL CELL TRUCKS 98
TABLE 33 MAJOR FUEL CELL TRUCK PROTOTYPES 98
TABLE 34 POWERTRAIN BENCHMARKING FOR TRUCKS >12 TONS 99
6.7.1 HIGH EFFICIENCY AND LONGER DRIVING RANGE TO DRIVE THE FUEL CELL TRUCK MARKET 99
TABLE 35 TRUCK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (UNITS) 99
TABLE 36 TRUCK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (UNITS) 100
6.8 KEY INDUSTRY INSIGHTS 100
7 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT 101
7.1 INTRODUCTION 102
FIGURE 44 AUTOMOTIVE FUEL CELL MARKET, BY COMPONENT,
2018-2028(USD MILLION) 102
TABLE 37 AUTOMOTIVE FUEL CELL MARKET SIZE, BY COMPONENT,
2018–2020 (USD MILLION) 103
TABLE 38 AUTOMOTIVE FUEL CELL MARKET SIZE, BY COMPONENT,
2021–2028 (USD MILLION) 103
7.2 OPERATIONAL DATA 104
TABLE 39 POPULAR FUEL CELL PROVIDERS ACROSS THE WORLD 104
FIGURE 45 FUEL CELL POWERTRAIN 105
7.2.1 ASSUMPTIONS 105
TABLE 40 ASSUMPTIONS: BY COMPONENT TYPE 105
7.3 RESEARCH METHODOLOGY 106
7.4 FUEL STACK 106
7.4.1 FUEL STACK IS PROJECTED TO HOLD LARGEST MARKET SHARE BY 2028 106
TABLE 41 FUEL STACK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (USD MILLION) 106
TABLE 42 FUEL STACK: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (USD MILLION) 107
7.5 FUEL PROCESSOR 107
7.5.1 FUEL PROCESSORS INCREASE FUEL EFFICIENCY AND FUEL CELL LIFE 107
TABLE 43 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2018–2020 (USD MILLION) 107
TABLE 44 FUEL PROCESSOR: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2021–2028 (USD MILLION) 108
7.6 POWER CONDITIONER 108
7.6.1 ASIA OCEANIA IS ESTIMATED TO LEAD THE SEGMENT 108
TABLE 45 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2018–2020 (USD MILLION) 108
TABLE 46 POWER CONDITIONER: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2021–2028 (USD MILLION) 109
 
7.7 AIR COMPRESSOR 109
7.7.1 INCREASING ADOPTION OF FUEL CELL BUSES TO DRIVE THE SEGMENT 109
TABLE 47 AIR COMPRESSOR: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2018–2020 (USD MILLION) 109
TABLE 48 AIR COMPRESSOR: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2021–2028 (USD MILLION) 110
7.8 HUMIDIFIER 110
7.8.1 DEMAND FOR HIGHLY EFFICIENT FUEL CELLS TO DRIVE THE SEGMENT 110
TABLE 49 HUMIDIFIER: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (USD MILLION) 110
TABLE 50 HUMIDIFIER: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (USD MILLION) 111
7.9 KEY PRIMARY INSIGHTS 111
8 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES 112
8.1 INTRODUCTION 113
FIGURE 46 AUTOMOTIVE FUEL CELL MARKET, BY OPERATING MILES, 2021-2028 (UNITS) 113
TABLE 51 AUTOMOTIVE FUEL CELL MARKET SIZE, BY OPERATING MILES,
2018–2020 (UNITS) 114
TABLE 52 AUTOMOTIVE FUEL CELL MARKET SIZE, BY OPERATING MILES,
2021–2028 (UNITS) 114
8.2 OPERATIONAL DATA 114
TABLE 53 FUEL CELL ELECTRIC VEHICLES ACROSS THE WORLD 114
8.2.1 ASSUMPTIONS 115
TABLE 54 ASSUMPTIONS: BY OPERATING MILES 115
8.3 RESEARCH METHODOLOGY 115
8.4 0–250 MILES 116
8.4.1 GROWING USAGE IN COMMERCIAL VEHICLES TO DRIVE THE SEGMENT 116
TABLE 55 0-250 MILES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (UNITS) 116
TABLE 56 0-250 MILES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (UNITS) 116
8.5 251–500 MILES 117
8.5.1 GROWING DEMAND FOR FCEV PASSENGER VEHICLES TO DRIVE THE SEGMENT 117
TABLE 57 251–500 MILES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (UNITS) 117
TABLE 58 251–500 MILES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (UNITS) 117
8.6 ABOVE 500 MILES 117
8.6.1 FUEL CELL LCVS TO DRIVE THE SEGMENT 117
TABLE 59 ABOVE 500 MILES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2018–2020 (UNITS) 118
TABLE 60 ABOVE 500 MILES: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION, 2021–2028 (UNITS) 118
8.7 KEY INDUSTRY INSIGHTS 118
9 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT 119
9.1 INTRODUCTION 120
FIGURE 47 AUTOMOTIVE FUEL CELL MARKET, BY POWER OUTPUT, 2021-2028 (UNITS) 121
TABLE 61 AUTOMOTIVE FUEL CELL MARKET SIZE, BY POWER OUTPUT,
2018–2020 (UNITS) 121
TABLE 62 AUTOMOTIVE FUEL CELL MARKET SIZE, BY POWER OUTPUT,
2021–2028 (UNITS) 121
9.2 OPERATIONAL DATA 122
TABLE 63 POPULAR FUEL CELL ELECTRIC VEHICLES ACROSS THE WORLD 122
9.2.1 ASSUMPTIONS 122
TABLE 64 ASSUMPTIONS: BY POWER OUTPUT 122
9.3 RESEARCH METHODOLOGY 123
9.4 <150 KW 123
9.4.1 GROWING DEMAND FOR FUEL CELL PASSENGER CARS TO DRIVE SEGMENT 123
TABLE 65 <150 KW: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (UNITS) 123
TABLE 66 <150 KW: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (UNITS) 124
9.5 150–250 KW 124
9.5.1 GROWING DEMAND FOR HEAVY-DUTY TRUCKS AND BUSES TO DRIVE THE SEGMENT 124
TABLE 67 150–250 KW: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (UNITS) 124
TABLE 68 150–250 KW: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (UNITS) 125
9.6 >250 KW 125
9.6.1 LONG-HAUL TRUCKING WILL PROVIDE AMPLE OPPORTUNITIES
FOR SEGMENT GROWTH 125
TABLE 69 >250 KW: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2018–2020 (UNITS) 125
TABLE 70 >250 KW: AUTOMOTIVE FUEL CELL MARKET SIZE, BY REGION,
2021–2028 (UNITS) 126
9.7 KEY INDUSTRY INSIGHTS 126
10 AUTOMOTIVE FUEL CELL MARKET, BY SPECIALIZED VEHICLE TYPE 127
10.1 INTRODUCTION 127
10.2 MATERIAL HANDLING VEHICLES 127
TABLE 71 COMPARISON OF POLYMER ELECTROLYTE MEMBRANE (PEM) FUEL CELL
AND BATTERY-POWERED FORKLIFTS AND PALLET JACKS: 128
10.3 AUXILIARY POWER UNIT FOR REFRIGERATED TRUCKS 129
10.4 KEY INDUSTRY INSIGHTS 129
 
11 AUTOMOTIVE FUEL CELL MARKET, BY HYDROGEN FUEL POINTS 130
11.1 INTRODUCTION 131
FIGURE 48 INFRASTRUCTURE COST COMPARISON FOR FCEVS AND BEVS 131
FIGURE 49 AUTOMOTIVE FUEL CELL MARKET, HYDROGEN FUEL POINTS BY REGION, 2020-2028 (UNITS) 132
TABLE 72 AUTOMOTIVE FUEL CELL MARKET SIZE, HYDROGEN FUEL POINTS BY REGION, 2018–2020 (FUEL POINTS) 132
TABLE 73 AUTOMOTIVE FUEL CELL MARKET SIZE, HYDROGEN FUEL POINTS BY REGION, 2021–2028 (FUEL POINTS) 132
11.2 OPERATIONAL DATA 133
TABLE 74 AUTOMOTIVE HYDROGEN FUEL POINTS AS OF DECEMBER 2020 133
11.2.1 ASSUMPTIONS 134
TABLE 75 ASSUMPTIONS: BY HYDROGEN FUEL POINTS 134
11.3 RESEARCH METHODOLOGY 135
11.4 ASIA OCEANIA 135
TABLE 76 ASIA OCEANIA: HYDROGEN FUEL POINTS, BY COUNTRY, 2018–2020 135
TABLE 77 ASIA OCEANIA: HYDROGEN FUEL POINTS, BY COUNTRY, 2021–2028 136
11.5 EUROPE 136
TABLE 78 EUROPE: HYDROGEN FUEL POINTS, BY COUNTRY, 2018–2020 137
TABLE 79 EUROPE: HYDROGEN FUEL POINTS, BY COUNTRY, 2021–2028 137
11.6 NORTH AMERICA 138
TABLE 80 NORTH AMERICA: HYDROGEN FUEL POINTS, BY COUNTRY, 2018–2020 138
TABLE 81 NORTH AMERICA: HYDROGEN FUEL POINTS, BY COUNTRY, 2021–2028 138
11.7 KEY INDUSTRY INSIGHTS 139
12 AUTOMOTIVE FUEL CELL MARKET, BY REGION 140
12.1 INTRODUCTION 140
FIGURE 50 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2021-2028 (UNITS) 141
TABLE 82 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2018–2020 (UNITS) 141
TABLE 83 AUTOMOTIVE FUEL CELL MARKET, BY REGION, 2021–2028 (UNITS) 142
TABLE 84 AUTOMOTIVE FUEL CELL MARKET STEPS TAKEN BY MAJOR COUNTRIES 142
12.2 ASIA OCEANIA 145
FIGURE 51 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, 2018-2028 (UNITS) 146
TABLE 85 ASIA: AUTOMOTIVE FUEL CELL MARKET - ONGOING PROJECTS 147
TABLE 86 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2018–2020 (UNITS) 148
TABLE 87 ASIA OCEANIA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2021–2028 (UNITS) 149
12.2.1 CHINA 149
12.2.1.1 Adoption of zero-emission public transport buses to drive the market 149
TABLE 88 CHINA: TARGETS, VISIONS, AND PROJECTIONS 150
TABLE 89 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 150
TABLE 90 CHINA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 150
12.2.2 JAPAN 151
12.2.2.1 Push from leading OEMs to drive the market 151
TABLE 91 JAPAN: TARGETS, VISIONS, AND PROJECTIONS 151
TABLE 92 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 151
TABLE 93 JAPAN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 152
12.2.3 SOUTH KOREA 152
12.2.3.1 Government efforts to move toward hydrogen economy to drive the market 152
TABLE 94 SOUTH KOREA: TARGETS, VISIONS, AND PROJECTIONS 153
TABLE 95 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 153
TABLE 96 SOUTH KOREA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 153
12.2.4 AUSTRALIA 154
12.2.4.1 Long-term government plans for hydrogen industry to drive the market 154
TABLE 97 AUSTRALIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 154
TABLE 98 AUSTRALIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 154
12.2.5 INDIA 155
12.2.5.1 Increasing prices of petrol and diesel to drive the market 155
TABLE 99 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 155
TABLE 100 INDIA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 155
12.3 EUROPE 156
TABLE 101 EUROPE: RELEVANT EXPERIENCE/PRODUCTS OF OEMS 156
TABLE 102 EUROPE: TARGETS, VISIONS, AND PROJECTIONS 157
FIGURE 52 EUROPE: AUTOMOTIVE FUEL CELL MARKET, 2018-2028 (UNITS) 157
TABLE 103 EUROPE: AUTOMOTIVE FUEL CELL MARKET - ONGOING PROJECTS 158
TABLE 104 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2018–2020 (UNITS) 161
TABLE 105 EUROPE: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2021–2028 (UNITS) 162
12.3.1 BELGIUM 163
12.3.1.1 Government investments to drive the market 163
TABLE 106 BELGIUM: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 163
TABLE 107 BELGIUM: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 163
12.3.2 DENMARK 164
12.3.2.1 Investments in hydrogen infrastructure to drive the market 164
TABLE 108 DENMARK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 164
TABLE 109 DENMARK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 164
12.3.3 FRANCE 165
12.3.3.1 Existing presence of major OEM fleets to drive the market 165
TABLE 110 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 165
TABLE 111 FRANCE: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 165
12.3.4 GERMANY 166
12.3.4.1 Fast paced developments in hydrogen infrastructure to drive the market 166
TABLE 112 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 166
TABLE 113 GERMANY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 167
12.3.5 ITALY 167
12.3.5.1 Focus on electrification of vehicles to drive the market 167
TABLE 114 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 168
TABLE 115 ITALY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 168
12.3.6 NETHERLANDS 168
12.3.6.1 Government coalition strategies to boost the market 168
TABLE 116 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 169
TABLE 117 NETHERLANDS: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 169
12.3.7 NORWAY 169
12.3.7.1 Robust fueling infrastructure plans to drive the market 169
TABLE 118 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 170
TABLE 119 NORWAY: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 170
12.3.8 SWEDEN 171
12.3.8.1 Technological advancements in fuel cells to drive the market 171
TABLE 120 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 171
TABLE 121 SWEDEN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021-2028 (UNITS) 171
12.3.9 SPAIN 172
12.3.9.1 Government plans and investments to drive the market 172
TABLE 122 SPAIN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 172
TABLE 123 SPAIN: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 172
12.3.10 SWITZERLAND 173
12.3.10.1 Growing procurement of fuel cell vehicles from leading OEMs to drive the market 173
TABLE 124 SWITZERLAND: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 173
TABLE 125 SWITZERLAND: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 173
12.3.11 UK 174
12.3.11.1 Plan for zero-emission public transport to drive the market 174
TABLE 126 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2020 (UNITS) 174
TABLE 127 UK: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2021–2028 (UNITS) 174
12.4 NORTH AMERICA 175
FIGURE 53 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, 2020-2028 (UNITS) 176
TABLE 128 UNITED STATES: TARGETS, VISIONS, AND PROJECTIONS 177
TABLE 129 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET - ONGOING PROJECTS 177
TABLE 130 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2018–2020 (UNITS) 178
TABLE 131 NORTH AMERICA: AUTOMOTIVE FUEL CELL MARKET, BY COUNTRY,
2021–2028 (UNITS) 178
12.4.1 CANADA 178
12.4.1.1 Presence of leading fuel cell suppliers to drive the market 178
TABLE 132 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 179
TABLE 133 CANADA: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 179
12.4.2 MEXICO 180
12.4.2.1 Future investments will drive the market 180
TABLE 134 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2018–2020 (UNITS) 180
TABLE 135 MEXICO: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE,
2021–2028 (UNITS) 180
12.4.3 US 181
12.4.3.1 Adoption by trucking industry to drive the market 181
TABLE 136 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2018–2020 (UNITS) 181
TABLE 137 US: AUTOMOTIVE FUEL CELL MARKET, BY VEHICLE TYPE, 2021–2028 (UNITS) 181
13 COMPETITIVE LANDSCAPE 182
13.1 MARKET EVALUATION FRAMEWORK 182
FIGURE 54 FIGURE 1. MARKET EVALUATION FRAMEWORK 182
13.2 OVERVIEW 182
13.3 MARKET SHARE ANALYSIS 183
TABLE 138 MARKET SHARE ANALYSIS, 2020 183
FIGURE 55 FIGURE 2 MARKET SHARE ANALYSIS FOR THE AUTOMOTIVE FUEL CELL MARKET, 2020 183
FIGURE 56 TOP PUBLIC/LISTED PLAYERS DOMINATING THE AUTOMOTIVE FUEL CELL MARKET DURING THE LAST FIVE YEARS 184
13.4 COMPETITIVE SCENARIO 184
13.4.1 DEALS 184
TABLE 139 DEALS, 2018–2021 185
13.4.2 NEW PRODUCT DEVELOPMENTS 197
TABLE 140 NEW PRODUCT DEVELOPMENTS, 2018–2021 197
13.4.3 OTHERS, 2018–2021 200
TABLE 141 EXPANSIONS, 2018–2021 200
13.5 COMPETITIVE LEADERSHIP MAPPING FOR AUTOMOTIVE FUEL CELL MARKET 202
13.5.1 STARS 202
13.5.2 EMERGING LEADERS 202
13.5.3 PERVASIVE 202
13.5.4 EMERGING COMPANIES 202
FIGURE 57 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING FOR TOP FUEL CELL MANUFACTURERS, 2020 203
13.6 AUTOMOTIVE FUEL CELL MARKET: COMPANY FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2020 204
13.7 AUTOMOTIVE FUEL CELL MARKET: COMPANY APPLICATION FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2020 205
13.8 AUTOMOTIVE FUEL CELL MARKET: REGIONAL FOOTPRINT FOR FUEL CELL MANUFACTURERS, 2020 206
FIGURE 58 AUTOMOTIVE FUEL CELL MARKET: COMPETITIVE LEADERSHIP MAPPING FOR NEW PLAYERS, 2020 207
13.9 RIGHT TO WIN, 2018-2021 208
TABLE 142 RIGHT TO WIN, 2018-2021 208
14 COMPANY PROFILES 209
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 209
14.1.1 BALLARD POWER SYSTEMS 209
FIGURE 59 BALLARD POWER SYSTEMS: MACRO LANDSCAPE 209
TABLE 143 BALLARD POWER SYSTEMS: BUSINESS OVERVIEW 210
FIGURE 60 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT 210
TABLE 144 BALLARD POWER SYSTEMS: PRODUCTS OFFERED 211
TABLE 145 BALLARD POWER SYSTEMS: NEW PRODUCT DEVELOPMENTS 211
TABLE 146 BALLARD POWER SYSTEMS: DEALS 212
14.1.2 TOYOTA MOTOR CORPORATION 215
FIGURE 61 TOYOTA MOTOR CORPORATION: GLOBAL DATA BY REGION 215
TABLE 147 TOYOTA MOTOR CORPORATION: BUSINESS OVERVIEW 216
FIGURE 62 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT 216
TABLE 148 TOYOTA MOTOR CORPORATION: PRODUCTS OFFERED 216
TABLE 149 TOYOTA MOTOR CORPORATION: NEW PRODUCT DEVELOPMENTS 217
TABLE 150 TOYOTA MOTOR CORPORATION: DEALS 217
14.1.3 HYUNDAI GROUP 219
TABLE 151 HYUNDAI GROUP: BUSINESS OVERVIEW 219
FIGURE 63 HYUNDAI GROUP: COMPANY SNAPSHOT 220
TABLE 152 HYUNDAI GROUP: PRODUCTS OFFERED 220
TABLE 153 HYUNDAI GROUP: NEW PRODUCT DEVELOPMENTS 221
TABLE 154 HYUNDAI GROUP: DEALS 221
14.1.4 HYSTER-YALE 223
FIGURE 64 HYSTER-YALE SUBSIDIARY NUVERA AT A GLANCE 223
TABLE 155 HYSTER-YALE: BUSINESS OVERVIEW 223
FIGURE 65 HYSTER-YALE: COMPANY SNAPSHOT 224
TABLE 156 HYSTER-YALE: PRODUCTS OFFERED 224
TABLE 157 HYSTER-YALE: NEW PRODUCT DEVELOPMENTS 225
TABLE 158 HYSTER-YALE GROUP: DEALS 225
14.1.5 CUMMINS 227
FIGURE 66 CUMMINS: PARTICIPATION IN HYDROGEN ECONOMY 227
TABLE 159 CUMMINS: BUSINESS OVERVIEW 228
FIGURE 67 CUMMINS: COMPANY SNAPSHOT 228
TABLE 160 CUMMINS: PRODUCTS OFFERED 228
TABLE 161 CUMMINS: DEALS 229
TABLE 162 CUMMINS: OTHERS 230
14.1.6 ITM POWER 232
FIGURE 68 ITM POWER: KEY CONTRACTS 232
TABLE 163 ITM POWER: BUSINESS OVERVIEW 233
FIGURE 69 ITM POWER: COMPANY SNAPSHOT 233
TABLE 164 ITM POWER: PRODUCTS OFFERED 233
TABLE 165 ITM POWER: DEALS 234
TABLE 166 ITM POWER: OTHERS 235
14.1.7 PLUG POWER 236
FIGURE 70 PLUG POWER: CAPABILITIES IN THE HYDROGEN ECOSYSTEM 236
TABLE 167 PLUG POWER: BUSINESS OVERVIEW 237
FIGURE 71 PLUG POWER: COMPANY SNAPSHOT 237
TABLE 168 PLUG POWER: PRODUCTS OFFERED 237
TABLE 169 PLUG POWER: NEW PRODUCT DEVELOPMENTS 238
TABLE 170 PLUG POWER: DEALS 239
TABLE 171 PLUG POWER: OTHERS 242
14.1.8 CERES POWER 243
FIGURE 72 CERES POWER: PROGRESS WITH KEY COMMERCIAL PARTNERSHIP 243
TABLE 172 CERES POWER: BUSINESS OVERVIEW 243
FIGURE 73 CERES POWER: COMPANY SNAPSHOT 244
TABLE 173 CERES POWER: PRODUCTS OFFERED 244
TABLE 174 CERES POWER: NEW PRODUCT DEVELOPMENTS 245
TABLE 175 CERES POWER: DEALS 245
TABLE 176 CERES POWER: OTHERS 246
14.1.9 NEDSTACK 247
TABLE 177 NEDSTACK: BUSINESS OVERVIEW 247
TABLE 178 NEDSTACK: PRODUCTS OFFERED 247
TABLE 179 NEDSTACK: DEALS 248
14.1.10 DOOSAN GROUP 249
TABLE 180 DOOSAN GROUP: BUSINESS OVERVIEW 249
FIGURE 74 DOOSAN GROUP: COMPANY SNAPSHOT 250
TABLE 181 DOOSAN GROUP: PRODUCTS OFFERED 250
TABLE 182 DOOSAN GROUP: NEW PRODUCT DEVELOPMENTS 251
TABLE 183 DOOSAN GROUP: DEALS 251
TABLE 184 DOOSAN GROUP: OTHERS 251
14.1.11 PROTON MOTOR POWER SYSTEMS 252
TABLE 185 PROTON MOTOR POWER SYSTEMS: BUSINESS OVERVIEW 252
FIGURE 75 PROTON MOTOR POWER SYSTEMS: COMPANY SNAPSHOT 252
TABLE 186 PROTON MOTOR POWER SYSTEMS: PRODUCTS OFFERED 253
TABLE 187 PROTON MOTOR POWER SYSTEMS: NEW PRODUCT DEVELOPMENTS 253
TABLE 188 PROTON MOTOR POWER SYSTEMS: DEALS 253
14.1.12 BORGWARNER 255
FIGURE 76 BORGWARNER: CUSTOMER DIVERSITY WORLDWIDE SALES, 2019 255
TABLE 189 BORGWARNER: BUSINESS OVERVIEW 256
FIGURE 77 BORGWARNER: COMPANY SNAPSHOT 256
TABLE 190 BORGWARNER: PRODUCTS OFFERED 257
TABLE 191 BORGWARNER: DEALS 257
14.1.13 TOSHIBA 258
TABLE 192 TOSHIBA: BUSINESS OVERVIEW 258
FIGURE 78 TOSHIBA: COMPANY SNAPSHOT 258
TABLE 193 TOSHIBA: PRODUCTS OFFERED 259
TABLE 194 TOSHIBA: DEALS 259
14.1.14 POWERCELL AB 260
TABLE 195 POWERCELL AB: BUSINESS OVERVIEW 260
FIGURE 79 POWERCELL AB: COMPANY SNAPSHOT 260
TABLE 196 POWERCELL AB: PRODUCTS OFFERED 261
TABLE 197 POWERCELL AB: DEALS 261
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
 
14.2 OTHER PLAYERS 262
14.2.1 PANASONIC 262
14.2.2 TORAY INDUSTRIES 262
14.2.3 SUNRISE POWER CO. LTD 263
14.2.4 BOSCH 263
14.2.5 INTELLIGENT ENERGY 264
14.2.6 SYMBIO 264
14.2.7 ELRINGKLINGER AG 265
14.2.8 SWISS HYDROGEN POWER 265
14.2.9 DANA INCORPORATED 266
14.2.10 FUEL CELL SYSTEMS MANUFACTURING LLC 266
14.2.11 HONDA 267
14.2.12 VOLKSWAGEN AG 267
14.2.13 DAIMLER 268
14.2.14 RIVERSIMPLE 268
14.2.15 NIKOLA 269
14.2.16 SAIC MOTORS 269
14.2.17 VAN HOOL 270
14.2.18 MEBIUS FUEL CELL 270
14.2.19 HYDRA ENERGY CORPORATION 271
14.2.20 ISUZU MOTORS 271
14.2.21 FORD MOTOR COMPANY 271
15 RECOMMENDATIONS BY MARKETSANDMARKETS 272
15.1 JAPAN, SOUTH KOREA, AND CHINA ARE KEY FOCUS AREAS FOR AUTOMOTIVE FUEL CELL MARKET 272
15.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR FCEV COMMERCIAL VEHICLES 272
15.3 CONCLUSION 272
16 APPENDIX 273
16.1 KEY INSIGHTS OF INDUSTRY EXPERTS 273
16.2 DISCUSSION GUIDE 273
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 276
16.4 AVAILABLE CUSTOMIZATIONS 278
16.5 RELATED REPORTS 278
16.6 AUTHOR DETAILS 279

Autonomous Forklift Market by Tonnage Capacity (<5, 5-10, >10), Navigation Technology (Laser, Vision, Optical Tape, Magnetic, Inductive Guidance), Sal...

Publisher:        MarketsandMarkets

# of Pages:        248

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Publication Date:  April, 2022

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1 INTRODUCTION 26
1.1 OBJECTIVES 26
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS & EXCLUSIONS 27
1.3 MARKET SCOPE 28
FIGURE 1 AUTONOMOUS FORKLIFT MARKET: MARKET SEGMENTATION 28
FIGURE 2 AUTONOMOUS FORKLIFT MARKET: BY REGION 28
1.3.1 YEARS CONSIDERED IN THE STUDY 29
1.4 CURRENCY 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 3 AUTONOMOUS FORKLIFT MARKET: RESEARCH DESIGN 30
FIGURE 4 RESEARCH METHODOLOGY MODEL 31
2.1.1 SECONDARY DATA 32
2.1.1.1 List of Key secondary sources to estimate base numbers 32
2.1.1.2 Key data from secondary sources 33
2.1.2 PRIMARY DATA 34
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS 34
2.1.2.1 Sampling techniques & data collection methods 35
2.2 MARKET ESTIMATION METHODOLOGY 35
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 36
2.2.1 BOTTOM-UP APPROACH 37
FIGURE 7 BOTTOM-UP APPROACH: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY 37
2.2.2 TOP-DOWN APPROACH 38
FIGURE 8 TOP-DOWN APPROACH: AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, END USE INDUSTRY, TYPE, SALES CHANNEL, PROPULSION AND NAVIGATION TECHNOLOGY 38
FIGURE 9 AUTONOMOUS FORKLIFT MARKET: RESEARCH DESIGN & METHODOLOGY 38
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 10 DATA TRIANGULATION 39
2.4 FACTOR ANALYSIS 40
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE 40
2.5 RESEARCH ASSUMPTIONS 41
2.6 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
3.1 PRE- & POST-COVID-19 SCENARIOS 43
FIGURE 11 PRE- & POST-COVID-19: AUTONOMOUS FORKLIFT MARKET,
2019–2027 (USD MILLION) 43
TABLE 1 AUTONOMOUS FORKLIFT MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019–2027 (USD MILLION) 43
3.2 REPORT SUMMARY 44
FIGURE 12 AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021 VS. 2027 (USD MILLION) 45
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES IN AUTONOMOUS FORKLIFT MARKET 47
FIGURE 13 RISE IN DEMAND FOR AUTOMATED MATERIAL HANDLING EQUIPMENT EXPECTED TO DRIVE GLOBAL MARKET 47
4.2 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY 47
FIGURE 14 BELOW 5 TON AUTONOMOUS FORKLIFT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE, BY VALUE 47
4.3 AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY 48
FIGURE 15 VISION GUIDANCE SEGMENT TO HAVE FASTEST GROWTH DURING FORECAST PERIOD 48
4.4 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY 48
FIGURE 16 FOOD AND BEVERAGES SEGMENT TO ACCOUNT FOR LARGEST SHARE
IN 2021 48
4.5 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL 49
FIGURE 17 IN-HOUSE PURCHASE SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2021 49
4.6 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION 49
FIGURE 18 ELECTRIC AUTONOMOUS FORKLIFT TO LEAD THE MARKET DURING FORECAST PERIOD 49
4.7 AUTONOMOUS FORKLIFT MARKET, BY TYPE 50
FIGURE 19 INDOOR SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD 50
4.8 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION 50
FIGURE 20 MATERIAL HANDLING SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 50
4.9 AUTONOMOUS FORKLIFT MARKET, BY REGION 51
FIGURE 21 ASIA PACIFIC DOMINATED THE AUTONOMOUS FORKLIFT MARKET IN 2021 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 53
FIGURE 22 AUTONOMOUS FORKLIFT MARKET: MARKET DYNAMICS 53
5.2.1 DRIVERS 53
5.2.1.1 Increasing demand for automated warehouses and automated material handling equipment 53
FIGURE 23 COST BREAKDOWN OF NON-AUTONOMOUS VS. AUTONOMOUS FORKLIFTS 54
FIGURE 24 GLOBAL WAREHOUSE AUTOMATION MARKET, BY VALUE (2016-2025) 55
5.2.1.2 Growth in e-commerce, logistics, and warehousing sectors 55
FIGURE 25 GLOBAL E-COMMERCE MARKET, BY VALUE (2018-2025) 56
5.2.2 RESTRAINTS 56
5.2.2.1 High integration and switching costs due to AI and WMS 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Usage of 5G connectivity in future for warehouse operations 56
5.2.3.2 Development of IoT integrated autonomous forklifts 57
5.2.4 CHALLENGES 57
5.2.4.1 Technical challenges related to sensing elements 57
5.2.4.2 Susceptibility of autonomous forklifts and automated warehouses to cyberattacks 58
5.3 AUTONOMOUS FORKLIFT MARKET SCENARIO 58
FIGURE 26 AUTONOMOUS FORKLIFT MARKET SCENARIO, 2019–2027 (USD MILLION) 58
5.3.1 REALISTIC SCENARIO 59
TABLE 2 AUTONOMOUS FORKLIFT MARKET (REALISTIC SCENARIO), BY REGION, 2019–2027 (USD MILLION) 59
5.3.2 HIGH COVID-19 IMPACT SCENARIO 59
TABLE 3 AUTONOMOUS FORKLIFT MARKET (HIGH COVID-19 IMPACT SCENARIO),
BY REGION, 2019–2027 (USD MILLION) 60
5.3.3 LOW COVID-19 IMPACT SCENARIO 60
TABLE 4 AUTONOMOUS FORKLIFT MARKET (LOW COVID-19 IMPACT SCENARIO),
BY REGION, 2019–2027 (USD MILLION) 60
5.4 PORTER’S FIVE FORCES ANALYSIS 61
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES DEGREE OF COMPETITION 61
5.4.1 PORTER’S FIVE FORCES ANALYSIS 61
TABLE 5 PORTER’S FIVE FORCES ANALYSIS 61
5.4.2 THREAT OF SUBSTITUTES 62
5.4.3 THREAT OF NEW ENTRANTS 62
5.4.4 BARGAINING POWER OF BUYERS 62
5.4.5 BARGAINING POWER OF SUPPLIERS 62
5.4.6 INTENSITY OF COMPETITIVE RIVALRY 62
5.5 TRENDS/DISRUPTIONS IMPACTING AUTONOMOUS FORKLIFT MARKET 63
FIGURE 28 REVENUE SHIFT FOR AUTONOMOUS FORKLIFT MARKET 63
5.6 AUTONOMOUS FORKLIFT MARKET ECOSYSTEM 64
FIGURE 29 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET ECOSYSTEM 64
FIGURE 30 AUTONOMOUS FORKLIFT MARKET ECOSYSTEM 65
TABLE 6 AUTONOMOUS FORKLIFT MARKET: ROLE OF COMPANIES IN THE ECOSYSTEM 65
5.7 SUPPLY CHAIN ANALYSIS 66
FIGURE 31 SUPPLY CHAIN ANALYSIS: AUTONOMOUS FORKLIFT MARKET 66
5.8 PATENT ANALYSIS 67
 
5.9 AVERAGE SELLING PRICE ANALYSIS 69
5.9.1 AVERAGE REGIONAL PRICE TREND: AUTONOMOUS FORKLIFTS, 2021 69
5.9.2 AVERAGE REGIONAL PRICE TREND: AUTONOMOUS FORKLIFTS, BY TONNAGE CAPACITY, 2021 70
5.10 CASE STUDY 70
5.10.1 USE CASE 1: HAVAL PRODUCTION PLANT 70
5.10.2 USE CASE 2: PANASONIC ENERGY BELGIUM NV 71
5.10.3 USE CASE 3: IMPLEMENTING DEMATIC’S AUTONOMOUS FORKLIFT TO REDUCE DELIVERY TIME AT L‘ORÉAL 71
5.10.4 USE CASE 4: AER MANUFACTURING 71
5.11 KEY CONFERENCES & EVENTS IN 2022-2023 72
TABLE 7 AUTONOMOUS FORKLIFT MARKET: DETAILED LIST OF CONFERENCES & EVENTS 72
5.12 REGULATORY FRAMEWORK 73
5.12.1 NORTH AMERICA 73
5.12.2 EUROPE 73
5.12.3 ASIA PACIFIC 73
5.13 TECHNOLOGY ANALYSIS 74
5.13.1 INDUSTRY 4.0 74
5.13.2 5G CONNECTIVITY 74
5.13.3 PREDICTIVE ANALYTICS 74
5.13.4 MACHINE LEARNING (ML) 74
6 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY 75
Note: The market size and forecast of each tonnage capacity autonomous forklift is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
6.1 INTRODUCTION 76
6.1.1 RESEARCH METHODOLOGY 76
6.1.2 ASSUMPTIONS 76
6.1.3 INDUSTRY INSIGHTS 77
FIGURE 32 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021 VS. 2027 (USD MILLION) 77
TABLE 8 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 77
TABLE 9 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 77
TABLE 10 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 78
TABLE 11 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 78
6.2 BELOW 5 TONS 78
6.2.1 EASY OPERATIONAL FLEXIBILITY IN COMPACT WAREHOUSES TO DRIVE DEMAND 78
TABLE 12 BELOW 5 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 79
TABLE 13 BELOW 5 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 79
TABLE 14 BELOW 5 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 79
TABLE 15 BELOW 5 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 80
6.3 5-10 TONS 80
6.3.1 GROWING ELECTRIC INFRASTRUCTURE TO DRIVE DEMAND 80
TABLE 16 5-10 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 80
TABLE 17 5-10 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 81
TABLE 18 5-10 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 81
TABLE 19 5-10 TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 81
6.4 ABOVE 10 TONS 82
6.4.1 USAGE IN HEAVY-DUTY OPERATIONS TO DRIVE DEMAND 82
TABLE 20 ABOVE 10-TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 82
TABLE 21 ABOVE 10-TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 82
TABLE 22 ABOVE 10-TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 83
TABLE 23 ABOVE 10-TONS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 83
7 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION 84
Note: The market size and forecast of each application is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
7.1 INTRODUCTION 85
7.1.1 RESEARCH METHODOLOGY 85
7.1.2 ASSUMPTIONS 85
7.1.3 INDUSTRY INSIGHTS 86
FIGURE 33 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION,
2021 VS 2027 (USD MILLION) 86
TABLE 24 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2018–2020 (UNITS) 86
TABLE 25 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021–2027 (UNITS) 87
TABLE 26 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION,
2018–2020 (USD MILLION) 87
TABLE 27 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION,
2021–2027 (USD MILLION) 87
7.2 MANUFACTURING 88
7.2.1 BENEFITS LIKE EFFICIENCY OF OPERATIONS TO DRIVE DEMAND 88
TABLE 28 MANUFACTURING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 88
TABLE 29 MANUFACTURING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 88
TABLE 30 MANUFACTURING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 89
TABLE 31 MANUFACTURING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 89
7.3 WAREHOUSING 89
7.3.1 INCREASING PRODUCT DIFFERENTIATION AND REDUCED PALLET SIZE TO DRIVE DEMAND 89
TABLE 32 WAREHOUSING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 90
TABLE 33 WAREHOUSING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 90
TABLE 34 WAREHOUSING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 90
TABLE 35 WAREHOUSING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 91
7.4 MATERIAL HANDLING 91
7.4.1 INCREASE IN DATA-DRIVEN AUTOMATED TECHNOLOGY TO DRIVE DEMAND 91
TABLE 36 MATERIAL HANDLING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 91
TABLE 37 MATERIAL HANDLING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 92
TABLE 38 MATERIAL HANDLING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 92
TABLE 39 MATERIAL HANDLING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 92
7.5 LOGISTICS AND FREIGHT 93
7.5.1 NEED FOR REDUCTION IN DELIVERY TIME AND RISING CONCERNS OVER DAMAGES AND LOSS OF GOODS TO DRIVE DEMAND 93
TABLE 40 LOGISTICS AND FREIGHT: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 93
TABLE 41 LOGISTICS AND FREIGHT SENSOR MARKET, BY REGION, 2021–2027 (UNITS) 93
TABLE 42 LOGISTICS AND FREIGHT: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 94
TABLE 43 LOGISTICS AND FREIGHT: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 94
7.6 OTHER APPLICATIONS 94
TABLE 44 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 95
TABLE 45 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 95
TABLE 46 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 95
TABLE 47 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 96
 
8 AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY 97
Note: The market size and forecast of each navigation technology is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
8.1 INTRODUCTION 98
8.1.1 RESEARCH METHODOLOGY 98
8.1.2 ASSUMPTIONS 98
8.1.3 INDUSTRY INSIGHTS 99
FIGURE 34 AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY,
2021 VS 2027 (USD MILLION) 99
TABLE 48 AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY,
2018–2020 (USD MILLION) 99
TABLE 49 AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY,
2021–2027 (USD MILLION) 100
8.2 LASER GUIDANCE 100
8.2.1 SPEED, ACCURACY, GROWING PRODUCT DIFFERENTIATION,
AND COMPLEXITIES OF AGV TRACKS TO DRIVE DEMAND 100
TABLE 50 LASER GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 101
TABLE 51 LASER GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 101
8.3 MAGNETIC GUIDANCE 102
8.3.1 EASE OF INSTALLATION AND LOW COST OF OPERATION TO DRIVE DEMAND 102
TABLE 52 MAGNETIC GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 102
TABLE 53 MAGNETIC GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 102
8.4 INDUCTIVE GUIDANCE 103
8.4.1 GROWING APPLICATIONS IN OUTDOOR ENVIRONMENTS TO DRIVE DEMAND 103
TABLE 54 INDUCTIVE GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 103
TABLE 55 INDUCTIVE GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 103
8.5 OPTICAL TAPE GUIDANCE 104
8.5.1 GROWING APPLICATIONS IN NON-INDUSTRIAL SETTINGS TO DRIVE DEMAND 104
TABLE 56 OPTICAL TAPE GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 104
TABLE 57 OPTICAL TAPE GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 104
8.6 VISION GUIDANCE 105
8.6.1 REAL-TIME PATH OPTIMIZATION AND OBSTACLE DETECTION TO DRIVE DEMAND 105
TABLE 58 VISION GUIDANCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 105
TABLE 59 VISION GUIDANCE AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 105
8.7 OTHER NAVIGATION TECHNOLOGIES 106
TABLE 60 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 106
TABLE 61 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (SUNDAY, FAUSD MILLION) 106
9 AUTONOMOUS FORKLIFT MARKET, BY END USE INDUSTRY 107
Note: The market size and forecast of each end use industry is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
9.1 INTRODUCTION 108
9.1.1 RESEARCH METHODOLOGY 108
9.1.2 ASSUMPTIONS 108
9.1.3 INDUSTRY INSIGHTS 109
FIGURE 35 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY,
2021 VS 2027 (USD MILLION) 109
TABLE 62 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY, 2018–2020 (UNITS) 110
TABLE 63 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY, 2021–2027 (UNITS) 110
TABLE 64 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY,
2018–2020 (USD MILLION) 111
TABLE 65 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY,
2021–2027 (USD MILLION) 111
9.2 THIRD-PARTY LOGISTICS (3PL) 112
9.2.1 NEED FOR SAFE AND SPEEDY STORAGE TO DRIVE DEMAND 112
TABLE 66 THIRD-PARTY LOGISTICS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 112
TABLE 67 THIRD-PARTY LOGISTICS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 113
TABLE 68 THIRD-PARTY LOGISTICS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 113
TABLE 69 THIRD-PARTY LOGISTICS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 113
9.3 FOOD & BEVERAGES 114
9.3.1 NEED TO REDUCE OPERATIONAL COSTS TO DRIVE DEMAND 114
TABLE 70 FOOD & BEVERAGES: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 114
TABLE 71 FOOD & BEVERAGES: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 115
TABLE 72 FOOD & BEVERAGES: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 115
TABLE 73 FOOD & BEVERAGES: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 115
9.4 AUTOMOTIVE 116
9.4.1 NEED FOR EFFICIENT INVENTORY MANAGEMENT TO DRIVE DEMAND 116
TABLE 74 AUTOMOTIVE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 116
TABLE 75 AUTOMOTIVE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 117
TABLE 76 AUTOMOTIVE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 117
TABLE 77 AUTOMOTIVE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 117
9.5 PAPER & PULP 118
9.5.1 NEED FOR OPTIMIZATION OF BOTTLENECKS TO DRIVE DEMAND 118
TABLE 78 PAPER & PULP: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 118
TABLE 79 PAPER & PULP: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 119
TABLE 80 PAPER & PULP: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 119
TABLE 81 PAPER & PULP: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 119
9.6 METALS & HEAVY MACHINERY 120
9.6.1 NEED FOR EFFICIENT OPERATIONS TO DRIVE DEMAND 120
TABLE 82 METALS & HEAVY MACHINERY: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2018–2020 (UNITS) 120
TABLE 83 METALS & HEAVY MACHINERY: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2021–2027 (UNITS) 121
TABLE 84 METALS & HEAVY MACHINERY: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2018–2020 (USD MILLION) 121
TABLE 85 METALS & HEAVY MACHINERY: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2021–2027 (USD MILLION) 121
9.7 E-COMMERCE 122
9.7.1 NEED TO OPTIMIZE WAREHOUSING OPERATIONS TO DRIVE DEMAND 122
TABLE 86 E-COMMERCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 122
TABLE 87 E-COMMERCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 123
TABLE 88 E-COMMERCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 123
TABLE 89 E-COMMERCE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 123
9.8 AVIATION 124
9.8.1 INCREASING MANUFACTURING AND ASSEMBLY OPERATIONS TO DRIVE DEMAND 124
TABLE 90 AVIATION: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 124
TABLE 91 AVIATION: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 124
TABLE 92 AVIATION: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 125
TABLE 93 AVIATION: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 125
9.9 SEMICONDUCTORS & ELECTRONICS 125
9.9.1 NEED FOR CLEANROOM WAREHOUSING PROCESS TO DRIVE DEMAND 125
TABLE 94 SEMI-CONDUCTORS & ELECTRONICS: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2018–2020 (UNITS) 126
TABLE 95 SEMI-CONDUCTORS & ELECTRONICS: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2021–2027 (UNITS) 126
TABLE 96 SEMI-CONDUCTORS & ELECTRONICS: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2018–2020 (USD MILLION) 126
TABLE 97 SEMI-CONDUCTORS & ELECTRONICS: AUTONOMOUS FORKLIFT MARKET,
BY REGION, 2021–2027 (USD MILLION) 127
9.10 CHEMICAL 127
9.10.1 NEED TO ENSURE WORKPLACE SAFETY OF EMPLOYEES AND MANAGE WORKFLOW EFFECTIVELY TO DRIVE DEMAND 127
TABLE 98 CHEMICAL: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 127
TABLE 99 CHEMICAL: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 128
TABLE 100 CHEMICAL: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 128
TABLE 101 CHEMICAL: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 128
9.11 HEALTHCARE 129
9.11.1 NEED FOR AUTOMATED WAREHOUSING OPERATIONS TO DRIVE DEMAND 129
TABLE 102 HEALTHCARE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 129
TABLE 103 HEALTHCARE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 130
TABLE 104 HEALTHCARE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 130
TABLE 105 HEALTHCARE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 130
9.12 OTHERS 131
TABLE 106 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 131
TABLE 107 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 132
TABLE 108 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 132
TABLE 109 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 132
10 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION 133
Note: The market size and forecast of each propulsion type is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
10.1 INTRODUCTION 134
10.1.1 RESEARCH METHODOLOGY 134
10.1.2 ASSUMPTIONS 134
10.1.3 INDUSTRY INSIGHTS 135
FIGURE 36 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION,
2021 VS. 2027 (USD MILLION) 135
TABLE 110 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION, 2018–2020 (UNITS) 135
TABLE 111 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION, 2021–2027 (UNITS) 136
TABLE 112 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION,
2018–2020 (USD MILLION) 136
TABLE 113 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION,
2021–2027 (USD MILLION) 136
10.2 ELECTRIC 137
10.2.1 FOCUS ON ZERO-EMISSION WORKING ENVIRONMENT TO DRIVE DEMAND 137
TABLE 114 ELECTRIC: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 137
TABLE 115 ELECTRIC: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 137
TABLE 116 ELECTRIC: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 138
TABLE 117 ELECTRIC: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 138
10.3 INTERNAL COMBUSTION ENGINE (ICE) 138
10.3.1 INCREASE IN HEAVY-DUTY OPERATIONS TO DRIVE DEMAND 138
TABLE 118 ICE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 139
TABLE 119 ICE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 139
TABLE 120 ICE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 139
TABLE 121 ICE: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 140
10.4 ALTERNATE FUELS 140
10.4.1 GROWING HEAVY INDUSTRY OPERATIONS AND CHANGING PRICES OF CONVENTIONAL FUELS TO DRIVE DEMAND 140
TABLE 122 ALTERNATE FUELS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 140
TABLE 123 ALTERNATE FUELS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 141
TABLE 124 ALTERNATE FUELS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 141
TABLE 125 ALTERNATE FUELS: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 141
11 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL 142
Note: The market size and forecast of each sales channel is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
11.1 INTRODUCTION 143
11.1.1 RESEARCH METHODOLOGY 143
11.1.2 ASSUMPTIONS 143
11.1.3 INDUSTRY INSIGHTS 144
FIGURE 37 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL,
2021 VS. 2027 (USD MILLION) 144
TABLE 126 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL, 2018–2020 (UNITS) 144
TABLE 127 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL, 2021–2027 (UNITS) 144
TABLE 128 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL,
2018–2020 (USD MILLION) 145
TABLE 129 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL,
2021–2027 (USD MILLION) 145
11.2 IN-HOUSE PURCHASE 145
11.2.1 LONG DURATION USAGE TO DRIVE DEMAND 145
TABLE 130 IN-HOUSE PURCHASE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 146
TABLE 131 IN-HOUSE PURCHASE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 146
TABLE 132 IN-HOUSE PURCHASE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 146
TABLE 133 IN-HOUSE PURCHASE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 147
11.3 LEASING 147
11.3.1 NEED FOR BUDGETING STABILITY TO DRIVE DEMAND 147
TABLE 134 LEASING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 147
TABLE 135 LEASING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 148
TABLE 136 LEASING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 148
TABLE 137 LEASING: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 148
12 AUTONOMOUS FORKLIFT MARKET, BY TYPE 149
Note: The market size and forecast of each type is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
12.1 INTRODUCTION 150
12.1.1 RESEARCH METHODOLOGY 150
12.1.2 ASSUMPTIONS 150
12.1.3 INDUSTRY INSIGHTS 151
FIGURE 38 AUTONOMOUS FORKLIFT MARKET, BY TYPE, 2021 VS 2027 (USD MILLION) 151
TABLE 138 AUTONOMOUS FORKLIFT MARKET, BY TYPE, 2018–2020 (UNITS) 151
TABLE 139 AUTONOMOUS FORKLIFT MARKET, BY TYPE, 2021–2027 (UNITS) 151
TABLE 140 AUTONOMOUS FORKLIFT MARKET, BY TYPE, 2018–2020 (USD MILLION) 152
TABLE 141 AUTONOMOUS FORKLIFT MARKET, BY TYPE, 2021–2027 (USD MILLION) 152
12.2 INDOOR 152
12.2.1 GROWTH OF GLOBAL E-COMMERCE INDUSTRY TO DRIVE DEMAND 152
TABLE 142 INDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 153
TABLE 143 INDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 153
TABLE 144 INDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 153
TABLE 145 INDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 153
12.3 OUTDOOR 154
12.3.1 GROWING AUTOMATION IN LOGISTICS AND FREIGHT SECTOR TO DRIVE DEMAND 154
TABLE 146 OUTDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (UNITS) 154
TABLE 147 OUTDOOR AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (UNITS) 155
TABLE 148 OUTDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION,
2018–2020 (USD MILLION) 155
TABLE 149 OUTDOOR AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021–2027 (USD MILLION) 155
13 AUTONOMOUS FORKLIFT MARKET, BY REGION 156
Note: The market size and forecast of each country is further segmented into autonomous forklift tonnage capacity – Below 5 Tons, 5-10 Tons, and Above 10 Tons
13.1 INTRODUCTION 157
13.1.1 RESEARCH METHODOLOGY 157
13.1.2 ASSUMPTIONS 158
13.1.3 INDUSTRY INSIGHTS 158
FIGURE 39 AUTONOMOUS FORKLIFT MARKET, BY REGION,
2021 VS. 2027 (USD MILLION) 158
TABLE 150 AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS) 159
TABLE 151 AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (UNITS) 159
TABLE 152 AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (USD MILLION) 159
TABLE 153 AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021–2027 (USD MILLION) 160
13.2 ASIA PACIFIC 160
FIGURE 40 ASIA PACIFIC: AUTONOMOUS FORKLIFT MARKET SNAPSHOT 161
TABLE 154 ASIA PACIFIC: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2018–2020 (UNITS) 161
TABLE 155 ASIA PACIFIC: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2021–2027 (UNITS) 162
TABLE 156 ASIA PACIFIC: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2018–2020 (USD MILLION) 162
TABLE 157 ASIA PACIFIC: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 162
13.2.1 CHINA 163
13.2.1.1 Growth of industrial sector to drive the market 163
TABLE 158 CHINA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 163
TABLE 159 CHINA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 164
TABLE 160 CHINA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 164
TABLE 161 CHINA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 164
13.2.2 INDIA 165
13.2.2.1 Growth of automotive and e-commerce sectors to drive the market 165
TABLE 162 INDIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 165
TABLE 163 INDIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 165
TABLE 164 INDIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 166
TABLE 165 INDIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 166
13.2.3 JAPAN 166
13.2.3.1 Growth of automation technologies to drive the market 166
TABLE 166 JAPAN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 167
TABLE 167 JAPAN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 167
TABLE 168 JAPAN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 167
TABLE 169 JAPAN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 167
13.2.4 SOUTH KOREA 168
13.2.4.1 Demand for increased efficiency to drive the market 168
TABLE 170 SOUTH KOREA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS) 168
TABLE 171 SOUTH KOREA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS) 168
TABLE 172 SOUTH KOREA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION) 169
TABLE 173 SOUTH KOREA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION) 169
13.3 NORTH AMERICA 169
FIGURE 41 NORTH AMERICA: AUTONOMOUS FORKLIFT MARKET SNAPSHOT 170
TABLE 174 NORTH AMERICA: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2018–2020 (UNITS) 171
TABLE 175 NORTH AMERICA: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2021–2027 (UNITS) 171
TABLE 176 NORTH AMERICA: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2018–2020 (USD MILLION) 171
TABLE 177 NORTH AMERICA: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 171
13.3.1 US 172
13.3.1.1 Inclination toward automation process to drive the market 172
TABLE 178 US: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 172
TABLE 179 US: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 172
TABLE 180 US: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 173
TABLE 181 US: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 173
13.3.2 MEXICO 173
13.3.2.1 Growth of foreign manufacturing units to drive the market 173
TABLE 182 MEXICO: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 174
TABLE 183 MEXICO: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 174
TABLE 184 MEXICO: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 174
TABLE 185 MEXICO: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 174
13.3.3 CANADA 175
13.3.3.1 Growing export infrastructure to drive the market 175
TABLE 186 CANADA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 175
TABLE 187 CANADA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 175
TABLE 188 CANADA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 176
TABLE 189 CANADA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 176
13.4 EUROPE 176
FIGURE 42 EUROPE: AUTONOMOUS FORKLIFT MARKET SNAPSHOT 177
TABLE 190 EUROPE: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2018–2020 (UNITS) 178
TABLE 191 EUROPE: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2021–2027 (UNITS) 178
TABLE 192 EUROPE: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2018–2020 (USD MILLION) 178
TABLE 193 EUROPE: AUTONOMOUS FORKLIFT MARKET, BY COUNTRY,
2021–2027 (USD MILLION) 179
13.4.1 GERMANY 179
13.4.1.1 High-volume logistics sector to drive the market 179
TABLE 194 GERMANY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS) 180
TABLE 195 GERMANY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS) 180
TABLE 196 GERMANY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION) 180
TABLE 197 GERMANY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION) 181
13.4.2 UK 181
13.4.2.1 Increase in automation in automotive sector to drive the market 181
TABLE 198 UK: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 182
TABLE 199 UK: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 182
TABLE 200 UK: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 182
TABLE 201 UK: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 182
13.4.3 FRANCE 183
13.4.3.1 Need for automation technology in growing industrial sectors to drive the market 183
TABLE 202 FRANCE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 183
TABLE 203 FRANCE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 184
TABLE 204 FRANCE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 184
TABLE 205 FRANCE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 184
13.4.4 RUSSIA 185
13.4.4.1 Expansion of warehouses to drive the market 185
TABLE 206 RUSSIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 185
TABLE 207 RUSSIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 185
TABLE 208 RUSSIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 185
TABLE 209 RUSSIA: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 186
13.4.5 ITALY 186
13.4.5.1 Thriving e-commerce sector to drive the market 186
TABLE 210 ITALY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 186
TABLE 211 ITALY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 187
TABLE 212 ITALY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 187
TABLE 213 ITALY: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 187
13.4.6 SPAIN 188
13.4.6.1 Strategic location for logistics and warehousing to drive the market 188
TABLE 214 SPAIN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (UNITS) 188
TABLE 215 SPAIN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (UNITS) 188
TABLE 216 SPAIN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2018–2020 (USD MILLION) 189
TABLE 217 SPAIN: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY,
2021–2027 (USD MILLION) 189
13.4.7 REST OF EUROPE 189
TABLE 218 REST OF EUROPE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS) 190
TABLE 219 REST OF EUROPE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS) 190
TABLE 220 REST OF EUROPE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION) 190
TABLE 221 REST OF EUROPE: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION) 191

Lawn Mower Market by Type (Walk-Behind, Riding & Robotic), End Use (Residential & Commercial), Propulsion Type (ICE & Electric), Battery Type (Lithium...

Publisher:        MarketsandMarkets

# of Pages:        205

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1 User License $4,950

Publication Date:  March, 2022

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1 INTRODUCTION 25
1.1 OBJECTIVES 25
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS & EXCLUSIONS 26
TABLE 1 SEGMENT-WISE INCLUSIONS & EXCLUSIONS 26
1.3 MARKET SCOPE 27
FIGURE 1 MARKET SEGMENTATION: LAWN MOWER MARKET 27
1.3.1 YEARS CONSIDERED FOR THE STUDY 27
1.3.2 LAWN MOWER MARKET, BY REGION 28
1.4 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 LAWN MOWER MARKET: RESEARCH DESIGN 29
FIGURE 3 RESEARCH METHODOLOGY MODEL 30
2.1.1 SECONDARY DATA 30
2.1.1.1 List of key secondary sources to estimate base numbers 31
2.1.1.2 List of key secondary lawn mower sources 31
2.1.1.3 Key data from secondary sources 32
2.1.2 PRIMARY DATA 32
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 33
2.1.2.1 Sampling techniques & data collection methods 33
2.2 MARKET SIZE ESTIMATION 34
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 34
2.2.1 BOTTOM-UP APPROACH: LAWN MOWER MARKET, BY TYPE 35
FIGURE 6 BOTTOM-UP APPROACH: LAWN MOWER MARKET 35
2.2.2 TOP-DOWN APPROACH: LAWN MOWER MARKET 36
FIGURE 7 TOP-DOWN APPROACH: LAWN MOWER MARKET BY END USE, BATTERY TYPE, LAWN SIZE, AUTONOMY, PROPULSION TYPE 36
FIGURE 8 LAWN MOWER MARKET: RESEARCH DESIGN & METHODOLOGY 36
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 37
2.3 FACTOR ANALYSIS 38
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 9 DATA TRIANGULATION 39
2.4.1 GLOBAL ASSUMPTIONS 39
2.5 ASSUMPTIONS 40
2.6 RESEARCH LIMITATIONS 41
3 EXECUTIVE SUMMARY 42
3.1 PRE- VS POST-COVID-19 SCENARIO 42
FIGURE 10 PRE- VS POST-COVID-19 SCENARIO: LAWN MOWER MARKET,
2018–2027 (USD MILLION) 42
TABLE 2 LAWN MOWER MARKET: PRE- VS. POST-COVID-19 SCENARIO,
2019–2027 (USD MILLION) 42
3.2 REPORT SUMMARY 43
FIGURE 11 LAWN MOWER MARKET: MARKET OUTLOOK 43
FIGURE 12 LAWN MOWER MARKET, BY REGION, 2022 VS. 2027 (USD MILLION) 44
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES IN LAWN MOWER MARKET 46
FIGURE 13 INCREASING POPULARITY OF ELECTRIC AND ROBOTIC MODELS AND GROWING URBANIZATION TO DRIVE LAWN MOWER MARKET 46
4.2 LAWN MOWER MARKET, BY REGION 47
FIGURE 14 ASIA OCEANIA ESTIMATED TO BE FASTEST-GROWING LAWN MOWER MARKET DURING FORECAST PERIOD 47
4.3 LAWN MOWER MARKET, BY TYPE 47
FIGURE 15 ROBOTIC SEGMENT EXPECTED TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 47
4.4 LAWN MOWER MARKET, BY BATTERY TYPE 48
FIGURE 16 LITHIUM-ION SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD 48
4.5 LAWN MOWER MARKET, BY LAWN SIZE 48
FIGURE 17 MEDIUM LAWN SIZE MOWERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 48
4.6 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY 49
FIGURE 18 AUTONOMOUS LAWN MOWERS PROJECTED TO GROW WITH HIGHER CAGR THAN NON-AUTONOMOUS DURING FORECAST PERIOD 49
4.7 LAWN MOWER MARKET, BY END USE 49
FIGURE 19 COMMERCIAL SEGMENT ESTIMATED TO DOMINATE LAWN MOWER MARKET DURING FORECAST PERIOD 49
4.8 LAWN MOWER MARKET, BY PROPULSION TYPE 50
FIGURE 20 ELECTRIC LAWN MOWER SEGMENT TO DEMONSTRATE HIGH GROWTH DURING FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 21 LAWN MOWER MARKET: MARKET DYNAMICS 52
5.2.1 DRIVERS 52
5.2.1.1 Increased demand for lawn mowers for residential purposes 52
FIGURE 22 GDP PER CAPITA (CURRENT USD) 53
5.2.1.2 Growth in demand for lawn mowers for commercial purposes 53
5.2.2 RESTRAINTS 53
5.2.2.1 Trade barriers and protectionist policies among different regions 53
5.2.2.2 High cost of lawn mowers 53
5.2.3 OPPORTUNITIES 54
5.2.3.1 Developments and growing popularity of electric and robotic mowers to drive demand 54
5.2.3.2 Introduction of Robots-as- a-Service (RaaS) business model 55
5.2.4 CHALLENGES 55
5.2.4.1 High accident rates 55
5.2.4.2 Increasing safety regulations and stringent emission standards to impact demand 55
5.3 COVID-19 IMPACT ON LAWN MOWER INDUSTRY 56
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 56
FIGURE 23 REVENUE SHIFT FOR LAWN MOWER MARKET 56
5.5 LAWN MOWER MARKET SCENARIO 57
FIGURE 24 LAWN MOWER MARKET SCENARIO, 2022–2027 (USD MILLION) 57
5.5.1 MOST LIKELY/REALISTIC SCENARIO 57
TABLE 3 LAWN MOWER MARKET (REALISTIC SCENARIO), BY REGION,
2022–2027 (USD MILLION) 57
5.5.2 HIGH COVID-19 IMPACT SCENARIO 58
TABLE 4 LAWN MOWER MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2022–2027 (USD MILLION) 58
5.5.3 LOW COVID-19 IMPACT SCENARIO 58
TABLE 5 LAWN MOWER MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2022–2027 (USD MILLION) 58
5.6 PATENT ANALYSIS 59
5.7 VALUE CHAIN ANALYSIS 64
FIGURE 25 VALUE CHAIN ANALYSIS: LAWN MOWER MARKET 64
5.8 CASE STUDY ANALYSIS- BY GREENZIE-FORT ROBOTICS 65
5.9 TECHNOLOGY ANALYSIS 66
5.10 MARKET ECOSYSTEM 66
TABLE 6 LAWN MOWER MARKET: MARKET ECOSYSTEM 67
5.11 PRICING ANALYSIS 68
TABLE 7 AVERAGE PRICES OF LAWN MOWER TYPES, 2020-2022 68
5.12 PORTER’S FIVE FORCES ANALYSIS 69
FIGURE 26 PORTER’S FIVE FORCES IMPACT ON LAWN MOWER MARKET 69
5.12.1 THREAT OF NEW ENTRANTS 70
5.12.2 THREAT OF SUBSTITUTES 70
5.12.3 BARGAINING POWER OF SUPPLIERS 70
5.12.4 BARGAINING POWER OF BUYERS 70
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 71
5.13 TRADE ANALYSIS- MOWERS FOR LAWNS, PARKS, OR SPORTS GROUNDS 71
5.14 REGULATORY LANDSCAPE 74
5.15 KEY CONFERENCES & EVENTS IN 2022-2023 75
TABLE 8 LAWN MOWER MARKET: DETAILED LIST OF CONFERENCES & EVENTS 75
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
6 LAWN MOWER MARKET, BY DISTRIBUTION CHANNEL 77
6.1 INTRODUCTION 77
6.2 ONLINE DISTRIBUTION CHANNEL 77
6.2.1 INCREASE IN CUSTOMER PRESENCE ON DIGITAL PLATFORMS TO DRIVE DEMAND THROUGH ONLINE DISTRIBUTION CHANNEL 77
6.3 RETAIL DISTRIBUTION CHANNEL 77
6.3.1 RISE IN RETAIL STORES AND DEALER NETWORKS TO FUEL DEMAND THROUGH RETAIL CHANNEL 77
7 LAWN MOWER MARKET, BY TYPE 79
7.1 INTRODUCTION 80
7.1.1 RESEARCH METHODOLOGY 80
7.1.2 ASSUMPTIONS 80
7.1.3 INDUSTRY INSIGHTS: BY TYPE & REGION 81
FIGURE 27 LAWN MOWER MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) 81
TABLE 9 LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 81
TABLE 10 LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 81
TABLE 11 LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 82
TABLE 12 LAWN MOWERMARKET, BY TYPE, 2022–2027 (USD MILLION) 82
7.2 RIDING LAWN MOWERS 82
7.2.1 INCREASING APPLICATION FOR MOWING LARGE SIZE LAWN SPACES EXPECTED TO FUEL SEGMENT GROWTH 82
TABLE 13 RIDING LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 83
TABLE 14 RIDING LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 83
TABLE 15 RIDING LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 83
TABLE 16 RIDING LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION) 83
7.3 WALK-BEHIND LAWN MOWERS 84
7.3.1 GROWING MARKET SHARE OF ROBOTIC AND RIDING MOWERS EXPECETD TO IMPACT WALK-BEHIND MOWER MARKET 84
TABLE 17 WALK-BEHIND LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 84
TABLE 18 WALK-BEHIND LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 84
TABLE 19 WALK-BEHIND LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 84
TABLE 20 WALK-BEHIND LAWN MOWER MARKET, BY REGION,
2022–2027 (USD MILLION) 85
7.4 ROBOTIC/AUTONOMOUS LAWN MOWERS 85
7.4.1 EUROPE TO BECOME LARGEST MARKET FOR ROBOTIC LAWN MOWERS 85
TABLE 21 ROBOTIC LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 85
TABLE 22 ROBOTIC LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 86
TABLE 23 ROBOTIC LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 86
TABLE 24 ROBOTIC LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION) 86
8 LAWN MOWERS MARKET, BY LAWN SIZE 87
8.1 INTRODUCTION 88
8.1.1 RESEARCH METHODOLOGY 88
8.1.2 ASSUMPTIONS 88
8.1.3 KEY INDUSTRY INSIGHTS 88
FIGURE 28 LAWN MOWER MARKET, BY LAWN SIZE, 2022 VS 2027 (USD MILLION) 89
TABLE 25 LAWN MOWER MARKET, BY LAWN SIZE, 2018–2021 (UNITS) 89
TABLE 26 LAWN MOWER MARKET, BY LAWN SIZE, 2022–2027 (UNITS) 89
8.2 SMALL LAWN SIZE 90
8.2.1 GROWING URBANIZATION RATE EXPECTED TO BE LARGEST MARKET WITH SMALL LAWN SIZE, DRIVING SALES FOR LAWN MOWERS 90
TABLE 27 SMALL LAWN SIZE: LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 90
TABLE 28 SMALL LAWN SIZE: LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 90
8.3 MEDIUM LAWN SIZE 91
8.3.1 GROWING COMMERCIAL PROPERTIES/SPACES EXPECTED TO FUEL MARKET 91
TABLE 29 MEDIUM LAWN SIZE: LAWN MOWER MARKET, BY REGION,
2018–2021 (UNITS) 91
TABLE 30 MEDIUM LAWN SIZE: LAWN MOWER MARKET, BY REGION,
2022–2027 (UNITS) 91
8.4 LARGE LAWN SIZE 92
8.4.1 GROWING AVAILABILITY OF GOLF CLUBS AND RESORTS TO BOOST MARKET 92
TABLE 31 LARGE LAWN SIZE: LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 92
TABLE 32 LARGE LAWN SIZE: LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 92
9 LAWN MOWER MARKET, BY END USER 93
9.1 INTRODUCTION 94
9.1.1 RESEARCH METHODOLOGY 94
9.1.2 INDUSTRY INSIGHTS 94
9.1.3 ASSUMPTIONS 95
FIGURE 29 LAWN MOWER MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) 95
TABLE 33 LAWN MOWER MARKET, BY END USER, 2018–2021 (UNITS) 95
TABLE 34 LAWN MOWER MARKET, BY END USER, 2022–2027 (UNITS) 95
TABLE 35 LAWN MOWER MARKET, BY END USER, 2018–2021 (USD MILLION) 96
TABLE 36 LAWN MOWER MARKET, BY END USER, 2022–2027 (USD MILLION) 96
9.2 RESIDENTIAL 96
9.2.1 INCREASING TREND OF URBANIZATION AND BETTER LIVING SPACES TO DRIVE DEMAND FOR RESIDENTIAL SEGMENT 96
TABLE 37 RESIDENTIAL LAWN MARKET, BY REGION, 2018–2021 (UNITS) 96
TABLE 38 RESIDENTIAL LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 97
TABLE 39 RESIDENTIAL LAWN MOWER MARKET, BY REGION,
2018–2021 (USD MILLION) 97
TABLE 40 RESIDENTIAL LAWN MOWER MARKET, BY REGION,
2022–2027 (USD MILLION) 97
9.3 COMMERCIAL 98
9.3.1 RISE IN RENTAL LANDSCAPING SERVICES TO BOOST DEMAND FOR LAWN MOWERS 98
TABLE 41 COMMERCIAL LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 98
TABLE 42 COMMERCIAL LAWN MARKET, BY REGION, 2022–2027 (UNITS) 98
TABLE 43 COMMERCIAL LAWN MOWER MARKET, BY REGION,
2018–2021 (USD MILLION) 98
TABLE 44 COMMERCIAL LAWN MOWER MARKET, BY REGION,
2022–2027 (USD MILLION) 99
10 LAWN MOWER MARKET, BY PROPULSION TYPE 100
10.1 INTRODUCTION 101
10.1.1 RESEARCH METHODOLOGY 101
10.1.2 ASSUMPTIONS 101
10.1.3 INDUSTRY INSIGHTS: BY PROPULSION TYPE & REGION 101
FIGURE 30 LAWN MOWER MARKET, BY PROPULSION TYPE,
2022 VS. 2027 (USD MILLION) 102
TABLE 45 LAWN MOWER MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS) 102
TABLE 46 LAWN MOWER MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS) 102
TABLE 47 LAWN MOWER MARKET, BY PROPULSION TYPE, 2018–2021 (USD MILLION) 102
TABLE 48 LAWN MOWER MARKET, BY PROPULSION TYPE, 2022–2027 (USD MILLION) 103
10.2 ELECTRIC LAWN MOWERS 103
10.2.1 GOVERNMENT REGULATIONS, DEVELOPMENTS IN BATTERIES, AND LAUNCHES OF VARIOUS ELECTRIC MODEL-CORDLESS/ROBOTIC EXPECTED TO DRIVE MARKET 103
TABLE 49 ELECTRIC LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 103
TABLE 50 ELECTRIC LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 104
TABLE 51 ELECTRIC LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 52 ELECTRIC LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION) 104
10.3 INTERNAL COMBUSTION ENGINE (ICE) LAWN MOWERS 105
10.3.1 HIGHER POWER OUTPUT AND EASY AFTER-SALES SERVICE DRIVE ICE LAWN MOWER MARKET 105
TABLE 53 INTERNAL COMBUSTION ENGINE LAWN MOWER MARKET, BY REGION,
2018–2021 (UNITS) 105
TABLE 54 INTERNAL COMBUSTION ENGINE LAWN MOWER MARKET, BY REGION,
2022–2027 (UNITS) 105
TABLE 55 INTERNAL COMBUSTION ENGINE LAWN MOWER MARKET, BY REGION,
2018–2021 (USD MILLION) 105
TABLE 56 INTERNAL COMBUSTION ENGINE LAWN MOWER MARKET, BY REGION,
2022–2027 (USD MILLION) 106
 
11 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY 107
11.1 INTRODUCTION 108
11.1.1 RESEARCH METHODOLOGY 108
11.1.2 ASSUMPTIONS 108
11.1.3 INDUSTRY INSIGHTS 109
FIGURE 31 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY,
2022 VS 2027 (USD MILLION) 109
TABLE 57 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY, 2018–2021 (UNITS) 109
TABLE 58 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY, 2022–2027 (UNITS) 109
TABLE 59 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY, 2018–2021 (USD MILLION) 110
TABLE 60 LAWN MOWER MARKET, BY LEVEL OF AUTONOMY,
2022–2027 (USD MILLION) 110
11.2 AUTONOMOUS LAWN MOWER 110
11.2.1 DEVELOPMENTS IN ROBOTIC LAWN MOWING SOLUTIONS EXPECTED TO DRIVE MARKET 110
TABLE 61 AUTONOMOUS LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 111
TABLE 62 AUTONOMOUS LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 111
TABLE 63 AUTONOMOUS LAWN MOWER MARKET, BY REGION,
2018–2021 (USD MILLION) 111
TABLE 64 AUTONOMOUS LAWN MOWER MARKET, BY REGION,
2022–2027 (USD MILLION) 111
11.3 NON-AUTONOMOUS LAWN MOWER 112
11.3.1 HIGHER POWER OUTPUT AND EASY REPAIR TO FUEL NON-AUTONOMOUS LAWN MOWER MARKET 112
TABLE 65 NON-AUTONOMOUS LAWN MOWER MARKET, BY REGION,
2018–2021 (UNITS) 112
TABLE 66 NON-AUTONOMOUS LAWN MOWER MARKET, BY REGION,
2022–2027 (UNITS) 112
TABLE 67 NON-AUTONOMOUS LAWN MOWER MARKET, BY REGION,
2018–2021 (USD MILLION) 112
TABLE 68 NON-AUTONOMOUS LAWN MOWER MARKET, BY REGION,
2022–2027 (USD MILLION) 113
12 LAWN MOWER MARKET, BY REGION 114
12.1 INTRODUCTION 115
12.1.1 RESEARCH METHODOLOGY 115
12.1.2 ASSUMPTIONS/LIMITATIONS 115
12.1.3 INDUSTRY INSIGHTS 116
FIGURE 32 LAWN MOWER MARKET, BY REGION, 2022 VS. 2027 (USD MILLION) 116
TABLE 69 LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS) 116
TABLE 70 LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS) 117
TABLE 71 LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 117
TABLE 72 LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION) 117
 
12.2 ASIA OCEANIA 117
FIGURE 33 ASIA OCEANIA: ROBOTIC LAWN MOWER MARKET SNAPSHOT 118
TABLE 73 ASIA OCEANIA: LAWN MOWER MARKET, BY COUNTRY, 2018–2021 (UNITS) 119
TABLE 74 ASIA OCEANIA: LAWN MOWER MARKET, BY COUNTRY, 2022–2027 (UNITS) 119
TABLE 75 ASIA OCEANIA: LAWN MOWER MARKET, BY COUNTRY,
2018–2021 (USD MILLION) 119
TABLE 76 ASIA OCEANIA: LAWN MOWER MARKET, BY COUNTRY,
2022–2027 (USD MILLION) 120
12.2.1 CHINA 120
12.2.1.1 Increasing urbanization and planned cities in China expected to drive market 120
TABLE 77 CHINA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 120
TABLE 78 CHINA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 121
TABLE 79 CHINA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 121
TABLE 80 CHINA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 121
12.2.2 INDIA 121
12.2.2.1 Rise in lawn care industry to foster demand for lawn mowers in India 121
TABLE 81 INDIA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 122
TABLE 82 INDIA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 122
TABLE 83 INDIA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 122
TABLE 84 INDIA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 122
12.2.3 JAPAN 123
12.2.3.1 Inclination toward automation and technology to increase demand for lawn mowers in Japan for mowing operations 123
TABLE 85 JAPAN: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 123
TABLE 86 JAPAN: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 123
TABLE 87 JAPAN: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 123
TABLE 88 JAPAN: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 124
12.2.4 SOUTH KOREA 124
12.2.4.1 Residential segment expected to lead South Korean lawn mower market 124
TABLE 89 SOUTH KOREA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 124
TABLE 90 SOUTH KOREA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 124
TABLE 91 SOUTH KOREA: LAWN MOWER MARKET, BY TYPE,
2018–2021 (USD MILLION) 125
TABLE 92 SOUTH KOREA: LAWN MOWER MARKET, BY TYPE,
2022–2027 (USD MILLION) 125
12.2.5 AUSTRALIA 125
12.2.5.1 Walk-behind mower to be largest segment in Australian market 125
TABLE 93 AUSTRALIA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 125
TABLE 94 AUSTRALIA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 126
TABLE 95 AUSTRALIA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 126
TABLE 96 AUSTRALIA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 126
12.2.6 NEW ZEALAND 126
12.2.6.1 Establishment of botanical gardens and growing popularity of robotic lawn mowers to drive market in New Zealand 126
TABLE 97 NEW ZEALAND: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 127
TABLE 98 NEW ZEALAND: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 127
TABLE 99 NEW ZEALAND: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 127
TABLE 100 NEW ZEALAND: LAWN MOWER MARKET, BY TYPE,
2022–2027 (USD MILLION) 127
12.3 EUROPE 128
FIGURE 34 EUROPE: LAWN MOWER MARKET, BY COUNTRY,
2022 VS. 2027 (USD MILLION) 128
TABLE 101 EUROPE: LAWN MOWER MARKET, BY COUNTRY, 2018–2021 (UNITS) 128
TABLE 102 EUROPE: LAWN MOWER MARKET, BY COUNTRY, 2022–2027 (UNITS) 129
TABLE 103 EUROPE: LAWN MOWER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 129
TABLE 104 EUROPE: LAWN MOWER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 129
12.3.1 GERMANY 130
12.3.1.1 Robotic lawn mower segment projected to have highest growth rate in Germany 130
TABLE 105 GERMANY: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 130
TABLE 106 GERMANY: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 130
TABLE 107 GERMANY: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 130
TABLE 108 GERMANY: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 131
12.3.2 FRANCE 131
12.3.2.1 Walk-behind mower holds largest segment in France 131
TABLE 109 FRANCE: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 131
TABLE 110 FRANCE: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 131
TABLE 111 FRANCE: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 132
TABLE 112 FRANCE: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 132
12.3.3 UK 132
12.3.3.1 Increasing popularity of lawn mowers expected to drive UK market 132
TABLE 113 UK: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 132
TABLE 114 UK: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 133
TABLE 115 UK: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 133
TABLE 116 UK: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 133
12.3.4 ITALY 133
12.3.4.1 Walk-behind mowers to account largest segment in Italian market 133
TABLE 117 ITALY: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 134
TABLE 118 ITALY: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 134
TABLE 119 ITALY: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 134
TABLE 120 ITALY: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 134
12.3.5 SWEDEN 135
12.3.5.1 Robotic lawn mowers hold largest market share in Sweden 135
TABLE 121 SWEDEN: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 135
TABLE 122 SWEDEN: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 135
TABLE 123 SWEDEN: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 135
TABLE 124 SWEDEN: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 135
12.3.6 RUSSIA 136
12.3.6.1 Rapid urbanization and growing demand for automation propels lawn mower market in Russia 136
TABLE 125 RUSSIA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 136
TABLE 126 RUSSIA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 136
TABLE 127 RUSSIA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 136
TABLE 128 RUSSIA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 137
12.3.7 SPAIN 137
12.3.7.1 Increasing popularity of autonomous lawn mowers to drive market in Spain 137
TABLE 129 SPAIN: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 137
TABLE 130 SPAIN: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 137
TABLE 131 SPAIN: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 138
TABLE 132 SPAIN: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 138
12.3.8 REST OF EUROPE 138
12.3.8.1 Increasing adoption of automation and efficient solutions for mowing to raise demand in Rest of Europe 138
TABLE 133 REST OF EUROPE: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 138
TABLE 134 REST OF EUROPE: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 139
TABLE 135 REST OF EUROPE: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 139
TABLE 136 REST OF EUROPE: LAWN MOWER MARKET, BY TYPE,
2022–2027 (USD MILLION) 139
12.4 AMERICAS 139
FIGURE 35 AMERICAS: LAWN MOWER MARKET SNAPSHOT 140
TABLE 137 AMERICAS: LAWN MOWER MARKET, BY COUNTRY, 2018–2021 (UNITS) 140
TABLE 138 AMERICAS: LAWN MOWER MARKET, BY COUNTRY, 2022–2027 (UNITS) 141
TABLE 139 AMERICAS: LAWN MOWER MARKET, BY COUNTRY,
2018–2021 (USD MILLION) 141
TABLE 140 AMERICAS: LAWN MOWER MARKET, BY COUNTRY,
2022–2027 (USD MILLION) 141
12.4.1 US 142
12.4.1.1 Increasing adoption of advanced technology and stringent emission standards for mowing to result in higher demand for robotic mowers in US 142
TABLE 141 US: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 142
TABLE 142 US: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 142
TABLE 143 US: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 142
TABLE 144 US: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 143
12.4.2 CANADA 143
12.4.2.1 Walk-behind lawn mowers to be leading segment in Canada 143
TABLE 145 CANADA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 143
TABLE 146 CANADA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 143
TABLE 147 CANADA: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 144
TABLE 148 CANADA: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 144
12.4.3 MEXICO 144
12.4.3.1 Robotic lawn mowers to dominate market in Mexico 144
TABLE 149 MEXICO: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 144
TABLE 150 MEXICO: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 145
TABLE 151 MEXICO: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 145
TABLE 152 MEXICO: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 145
12.4.4 BRAZIL 145
12.4.4.1 Walk-behind lawn mowers to capture largest market share in Brazil 145
TABLE 153 BRAZIL: LAWN MOWER MARKET, BY TYPE, 2018–2021 (UNITS) 146
TABLE 154 BRAZIL: LAWN MOWER MARKET, BY TYPE, 2022–2027 (UNITS) 146
TABLE 155 BRAZIL: LAWN MOWER MARKET, BY TYPE, 2018–2021 (USD MILLION) 146
TABLE 156 BRAZIL: LAWN MOWER MARKET, BY TYPE, 2022–2027 (USD MILLION) 146
13 COMPETITIVE LANDSCAPE 147
13.1 OVERVIEW 147
TABLE 157 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS KEY GROWTH STRATEGY, 2018-2021 147
13.2 LAWN MOWER MARKET SHARE ANALYSIS, 2020 149
TABLE 158 LAWN MOWER MARKET: MARKET SHARE ANALYSIS, 2020 149
FIGURE 36 LAWN MOWER MARKET SHARE, 2020 150
13.3 REVENUE ANALYSIS OF TOP 5 LAWN MOWER PLAYERS 150
TABLE 159 LAWN MOWER MARKET: COMPANY PRODUCT FOOTPRINT, 2021 151
TABLE 160 LAWN MOWER MARKET: COMPANY TYPE FOOTPRINT, 2021 152
TABLE 161 LAWN MOWER MARKET: COMPANY REGION FOOTPRINT, 2021 153
FIGURE 37 LAWN MOWER MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021 155
13.4 COMPETITIVE EVALUATION QUADRANT: LAWN MOWER MANUFACTURERS 156
13.4.1 STARS 156
13.4.2 EMERGING LEADERS 156
13.4.3 PERVASIVE PLAYERS 156
13.4.4 PARTICIPANTS 156
13.5 COMPETITIVE SCENARIO 157
13.5.1 NEW PRODUCT LAUNCHES 157
TABLE 162 PRODUCT LAUNCHES 157
13.5.2 DEALS 158
TABLE 163 DEALS 158
13.5.3 EXPANSIONS 158
 
14 COMPANY PROFILES 159
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
14.1 KEY PLAYERS 159
14.1.1 HONDA MOTOR CO., LTD. 159
TABLE 164 HONDA MOTOR CO., LTD: BUSINESS OVERVIEW 159
FIGURE 38 HONDA MOTOR CO., LTD: COMPANY SNAPSHOT 160
TABLE 165 HONDA: PRODUCTS OFFERED 160
TABLE 166 HONDA: NEW PRODUCT DEVELOPMENTS 161
TABLE 167 HONDA: DEALS 162
TABLE 168 HONDA: OTHER DEVELOPMENTS 162
14.1.2 JOHN DEERE 164
TABLE 169 JOHN DEERE: BUSINESS OVERVIEW 164
FIGURE 39 JOHN DEERE: COMPANY SNAPSHOT 165
TABLE 170 JOHN DEERE: PRODUCTS OFFERED 165
TABLE 171 HONDA: NEW PRODUCT DEVELOPMENTS 166
TABLE 172 JOHN DEERE: DEALS 166
14.1.3 HUSQVARNA 168
TABLE 173 HUSQVARNA GROUP: BUSINESS OVERVIEW 168
FIGURE 40 HUSQVARNA GROUP: COMPANY SNAPSHOT 169
TABLE 174 HUSQVARNA: PRODUCTS OFFERED 169
TABLE 175 HUSQVARNA: NEW PRODUCT DEVELOPMENT 170
TABLE 176 HUSQVARNA: DEALS 170
14.1.4 MTD PRODUCTS 172
TABLE 177 MTD PRODUCTS: BUSINESS OVERVIEW 172
TABLE 178 MTD: PRODUCTS OFFERED 172
TABLE 179 MTD PRODUCTS: NEW PRODUCT DEVELOPMENTS 174
TABLE 180 MTD PRODUCTS: DEALS 174
14.1.5 THE TORO COMPANY 176
TABLE 181 THE TORO COMPANY: BUSINESS OVERVIEW 176
FIGURE 41 THE TORO COMPANY: COMPANY SNAPSHOT 176
TABLE 182 THE TORO COMPANY: PRODUCTS OFFERED 177
TABLE 183 THE TORO COMPANY: NEW PRODUCT DEVELOPMENT 177
TABLE 184 THE TORO COMPANY: NEW DEALS 178
14.1.6 YAMABIKO CORPORATION 180
TABLE 185 YAMABIKO: BUSINESS OVERVIEW 180
FIGURE 42 YAMABIKO CORPORATION: COMPANY SNAPSHOT 181
TABLE 186 YAMABIKO: PRODUCTS OFFERED 181
TABLE 187 YAMABIKO CORPORATION: NEW PRODUCT DEVELOPMENTS 182
14.1.7 BOSCH 183
TABLE 188 BOSCH: BUSINESS OVERVIEW 183
FIGURE 43 BOSCH: COMPANY SNAPSHOT 183
TABLE 189 BOSCH: PRODUCTS OFFERED 184
TABLE 190 BOSCH: NEW PRODUCT DEVELOPMENT 184
14.1.8 KUBOTA 185
TABLE 191 KUBOTA: BUSINESS OVERVIEW 185
FIGURE 44 KUBOTA: COMPANY SNAPSHOT 186
TABLE 192 KUBOTA: PRODUCTS OFFERED 186
TABLE 193 KUBOTA: NEW PRODUCT DEVELOPMENTS 187
14.1.9 STIHL 188
TABLE 194 STIHL: BUSINESS OVERVIEW 188
TABLE 195 STIHL: PRODUCTS OFFERED 188
TABLE 196 STIHL: DEALS 189
14.1.10 ARIENS COMPANY (ARIENSCO) 190
TABLE 197 ARIENSCO: BUSINESS OVERVIEW 190
TABLE 198 ARIENS COMPANY: PRODUCTS OFFERED 190
14.2 OTHER KEY PLAYERS 191
14.2.1 IROBOT CORPORATION 191
TABLE 199 IROBOT CORPORATION: BUSINESS OVERVIEW 191
14.2.2 GREENWORKS 191
TABLE 200 GREENWORKS: BUSINESS OVERVIEW 191
14.2.3 EGO POWER PLUS 192
TABLE 201 EGO POWER PLUS: BUSINESS OVERVIEW 192
14.2.4 AMERICAN LAWN MOWER COMPANY 192
TABLE 202 AMERICAN LAWN MOWER COMPANY: BUSINESS OVERVIEW 192
14.2.5 FERRIS 193
TABLE 203 FERRIS: BUSINESS OVERVIEW 193
14.2.6 BAD BOY MOWERS 193
TABLE 204 BAD BOY MOWERS: BUSINESS OVERVIEW 193
14.2.7 LASTEC 194
TABLE 205 LASTEC: BUSINESS OVERVIEW 194
14.2.8 JACOBSEN 194
TABLE 206 JACOBSEN: BUSINESS OVERVIEW 194
14.2.9 AL-KO 195
TABLE 207 AL-KO: BUSINESS OVERVIEW 195
14.2.10 STIGA 196
TABLE 208 STIGA: BUSINESS OVERVIEW 196
14.2.11 MAMIBOT MANUFACTURING USA INC 196
TABLE 209 MAMIBOT MANUFACTURING USA INC: BUSINESS OVERVIEW 196
14.2.12 ZUCCHETTI CENTRO SISTEMI 197
TABLE 210 ZUCCHETTI CENTRO SISTEMI: BUSINESS OVERVIEW 197
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
15 RECOMMENDATIONS BY MARKETSANDMARKETS 198
15.1 ASIA OCEANIA ESTIMATED TO BE ATTRACTIVE MARKET FOR LAWN MOWER MARKET 198
15.2 RIDING LAWN MOWERS ARE EXPECTED TO CREATE NEW REVENUE POCKETS IN FUTURE 198
15.3 ROBOTIC LAWN MOWER EXPECTED TO OFFER ATTRACTIVE OPPORTUNITIES TO MANUFACTURERS 199
15.4 CONCLUSION 199
16 APPENDIX 200
16.1 CURRENCY & PRICING 200
TABLE 211 CURRENCY EXCHANGE RATES (WRT PER USD) 200
16.2 INSIGHTS OF INDUSTRY EXPERTS 201
16.3 DISCUSSION GUIDE 202
16.4 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 205
16.5 AVAILABLE CUSTOMIZATIONS 207
16.5.1 ROBOTIC LAWN MOWER MARKET, BY HARDWARE 207
16.5.2 ROBOTIC LAWN MOWER MARKET, BY SOFTWARE 207
16.5.3 LAWN MOWER MARKET, BY CUTTING SYSTEM SEGMENT 207
16.5.4 LAWN MOWER MARKET, BY ENGINE POWER 207
16.6 RELATED REPORTS 208
16.7 AUTHOR DETAILS 209